HUNTINGTON,W.VA. — Marshall University’s Board of Governors approved a balanced $116 million budget Wednesday that avoided the need to lay off employees but required a tuition increase for students and cost-saving measures through the university’s 20/20 Strategic Plan.
The board approved the budget for the 2015-16 fiscal year and a new tuition and fee structure that officials said will allow students and their families to better predict the cost of attending the university.
During the meeting, which took place in the Chris Cline Athletic Complex, the board approved the budget, which included raises for faculty, along with the new tuition and fee structure.
The actual tuition increase for in-state undergraduate students was about 3.4 percent, but with the restructuring of the tuition and fee schedule, the total increase for in-state students was 4.41 percent.
The tuition increase for in-state undergraduates will mean an extra $144 per semester…